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Liberty Property Trust Announces $155 Million Investment In Industrial Acquisitions In Fourth Quarter

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MALVERN, Pa., Dec. 19, 2012 /PRNewswire/ -- Liberty Property Trust has announced that it has closed on the acquisition of 19 industrial buildings totaling three million square feet for $155 million thus far during the fourth quarter.

The properties consist of 12 properties in Tampa, FL, totaling 1.2 million square feet; two buildings in suburban Chicago, IL totaling 1.2 million square feet; three properties in Charlotte, NC totaling 376,000 square feet; and two buildings in Shakopee, MN totaling 282,000 square feet. The properties are 96% leased.

Liberty's chief investment officer, Mike Hagan, commented, "Liberty continues to increase our industrial footprint with selective acquisitions in our targeted industrial markets. We anticipate an additional $18 million investment in industrial acquisitions by year-end, increasing Liberty's industrial holdings to 48 million square feet."

About the Company

Liberty Property Trust (LRY) is a leader in commercial real estate, serving customers in the United States and United Kingdom, through the development, acquisition, ownership and management of superior office and industrial properties. Liberty's 81 million square foot portfolio consists of more than 650 properties providing office, distribution and light manufacturing facilities to 1,800 tenants.

The statements contained in this press release may include forward-looking statements within the meaning of the federal securities law. Although Liberty believes that the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurance that its expectations will be achieved. As forward-looking statements, these statements involve risks, uncertainties and other factors that could cause actual results to differ materially from the expected results. These factors include, without limitation, the uncertainties affecting real estate businesses generally (such as entry into new leases, renewals of leases and dependence on tenants' business operations), risks relating to our ability to maintain and increase property occupancy and rental rates, the financial condition of tenants, the uncertainties of real estate development and construction activity, the costs and availability of financing, the effects of local economic and market conditions, regulatory changes, potential liability relative to environmental matters and other risks and uncertainties detailed in the company's filings with the Securities and Exchange Commission. The company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events.

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Liberty Property Trust Announces $155 Million Investment In Industrial Acquisitions In Fourth Quarter

Liberty Media in Neutral Zone

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We reiterate our long-term Neutral recommendation on Liberty Media Corp. (LMCA) following its mixed third-quarter 2012 results. The stock price soared neraly 54% in the last year and is currently trading at significant high multiples compared with S&P 500 and its peers with respect to several valuation metrics. We believe Liberty Media is fairly valued.

The companys decision to spin-off Starz LLC segment will enable it to raise its stake in SIRIUS XM Radio Inc. (SIRI), Barnes & Noble Inc. (BKS), and Live Nation Entertainment Inc. (LYV). We believe SIRIUS XM Radio will be the key player in the companys growth story based on growing auto industry sales. Liberty Media is targeting full control of SIRIUS XM Radio. Moreover, management is pursuing a systematic share buy-back program to boost shareholders wealth. In November 2011, the company invested in Barnes & Noble, which we believe will benefit Liberty Media particularly under a volatile economic situation.

Liberty Media has decided to spin-off its Starz Entertainment segment as a separate entity by the end of 2012 or in early 2013. According to management, this move will unlock the latters value by optimizing its capital structure and enabling Starz to find several alternative ways and partnerships for both content creation and distribution. At the end of the third quarter, total subscribers base of Starz increased 9% to 20.8 million while its sister TV channel Encore had 34.3 million subscribers, up 5% year over year. The spin-off is envisioned to provide a cash dividend of $1.8 billion to Liberty Media.

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Liberty Media in Neutral Zone

Superstorm Sandy shuts Statue of Liberty, but symbolism endures

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When ABC News visited the Statue of Liberty in late October to see a renovation that had closed it for a year, no one could have predicted that would be one of the last looks anyone would have for a while at the great landmark. Just 48 hours later, Superstorm Sandy hit the East Coast and one of its casualties was Liberty Island. Though Lady Liberty herself was spared, the storms floodwaters reached the base of the statue. The storm surge tore up walkways, separated the seawall from the island, and buckled the pier where visitors arrive. The emergency dock for evacuation sustained even more damage. Liberty Islands power system was shot. The basement where the utilities were housed was flooded by 8 feet of water and a backup generator was destroyed. The islands sole residents are David Luchsinger and his wife Debbie. He is a superintendent with the National Park Service and oversees Liberty Island and nearby Ellis Island. With more than 3 million visitors annually to the Statue of Liberty, the holiday season is the only time that Luchsinger and his wife pretty much have the island to themselves. The statue is open every day but Christmas Day, said Luchsinger. So on Christmas Day, theres no boats, theres no staff, nothing until the 26th of December. So its just Debbie and I and the security team, he said. We celebrate here on the island. On Christmas Day, its very quiet in the harbor. Theres no boats coming in, and to come out here and hear the bells on the buoys in the harbor is just phenomenal. Its really magical, said Luchsinger. But this Christmas will be different. Sandys storm surge flooded the superintendents home. It was completely trashed, said Luchsinger. The furniture, all of my appliances, everything, were just strewn all over the place. Luchsinger and his wife moved to a private home in New Jersey, and he continues to work from his office on Ellis Island, which sustained minor water damage. Repairs to Liberty Island began within the first few days after the storm. But the Park Service says the island will not open for the rest of the year and has no projected date for next year. Secretary of the Interior Ken Salazar announced that the cleanup and repairs will cost $59 million. He also said that a phased reopening of the site may be possible next year. The new renovations would have allowed an additional 26,000 people to visit the Statue of Libertys crown every year. But for now, no tour boats are landing. The island remains empty for the foreseeable future. But its symbolism endures. Half of our visitors are from overseas, said Luchsinger. And to see people from all walks of life come here, the various emotions that take place here, from pure giddiness and excitement to people actually standing out there and crying, looking up at her. You realize that shes not only our statue, shes everybodys statue. She symbolizes liberty and freedom for everybody. And now, the Statue of Liberty serves as the unintentional symbol of something else of the storm that devastated much of the East Coast, and of the resiliency of so many in face of the face of such loss. A poem by Emma Lazarus is inscribed on a plaque in the pedestal of the statue, and invites other countries to send your tired, your poor the homeless, tempest-tost. It now seems all too appropriate.

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Bomb Shelter: "Grapes" (aka: "A Casualty of 2012") – Video

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Bomb Shelter: "Grapes" (aka: "A Casualty of 2012")
"An ancient prophecy and circumstance forces Daniel Smith to come to terms with his destiny and his losses." Your indefinite host will be Daniel Smith... Welcome to the Liberty Preservation Cottage (LPC)! As luck would have it Smith became trapped on December 21st 2012 when the LPC activated in response to... something. Completely cut-off from everything and everyone else Smith is only left with the few personal items he stored away and stacks of conspiracy laden articles and clippings left by his late uncle. It turns out that quite a few of those articles and clippings have something in common... December 21st 2012, the day he became the sole resident of the LPC. Is there a connection? Will Daniel Smith find the answer? Will he ever get out? And if he does what will he find? Subscribe to find out! (or just check back a lot) ------------------------------------------------------------ Winner and part of the... "One Word... One Month.. One Movie" short film competition sponsored by the Production Services Association of NW Florida. On January 14th Filmmakers from Marianna to Pensacola held a random draw of words that would become their inspiration in the creation of an original movie. The only requirement was that it be completed by February 11th 2009 and be three minutes in length. Rubber, Healthy, Shoes, Drums, Light and Art are just some of the words selected as to be the muse for these movies. ------------------------------------------------------------ (END CREDITS) A ...From:Danial HemmeViews:4 0ratingsTime:03:13More inPeople Blogs

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Bomb Shelter: "Grapes" (aka: "A Casualty of 2012") - Video

Liberty Global bids for Telenet – Video

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Liberty Global bids for Telenet
Liberty Global has made a $2.5bn bid to buy the shares of Belgian cable operator Telenet it does not already own. Lex #39;s Nikki Tait and Julia Grindell discuss what could become a nasty battle. Related Article: http://www.ft.com For more video content from the Financial Times visit http://www.FT.comFrom:FinancialTimesVideosViews:0 0ratingsTime:02:57More inNews Politics

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Liberty Global bids for Telenet - Video

Fishy – Video

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Fishy
For my final creative project for Russian173 - Beyond the Looking Glass: Nonsense and Absurd in Russian and European Literature and Visual Arts, I chose to take a surreal series of candid photographs inspired by some of my favorite existential literary and visual works we #39;ve seen this semester, including Nikolai Gogol #39;s "The Nose", "Monty Python #39;s Flying Circus", and Luis Bunuel #39;s "The Phantom of Liberty". I have never tried to make any kind of photographic art project before, let alone an absurd one, and I really enjoyed the experience. Artists like Monty Python make it seem relatively easy to come up with ridiculous material, but I didn #39;t realize how difficult it is to create even remotely original absurd art. (Not to mention that it takes guts to actually act out a lot of it, as it can be extremely embarrassing...) The main idea of the story is that one day I wake up with a squid for a head, and I am the only one who doesn #39;t immediately realize what is going on, so I attempt to go about my day as usual. All of the photography was courtesy of my friend, Erin Conway.From:jijosimovichViews:0 0ratingsTime:07:21More inPeople Blogs

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Fishy - Video

SWAT cops to ask for IDs from everyone in Arkansas town – Video

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SWAT cops to ask for IDs from everyone in Arkansas town
rt.com 27 Killed in Connecticut Shooting, Including 20 Children FALSE FLAG 2 Years In The Making -- Newtown CT tatoott1009.com Copy this below and share it with EVERYONE you know! District of Columbia Act of 1871 tatoott1009.com THE ACT OF 1871 "ASLEEP"NOT SLEEP" YOU LOSE AND HERE THE TRUTH.avi tatoott1009.com The District of Columbia ACT of 1871 Copy this below and share it with EVERYONE you know! tatoott1009.com WWIII Is Coming Soon Here #39;s Why!? tatoott1009.com Homeland Security Report Lists #39;Liberty Lovers #39; As Terrorists Repeal -- The Act of 1871 tatoott1009.com The United States Isn #39;t a Country mdash; It #39;s a Corporation -- Due to the ACT OF 1871 ! tatoott1009.com Supreme Court Rules in Favor of Obama care! THE ACT OF 1871 DO YOU BELIEVE NOW tatoott1009.com ARE YOU SCARED OF THE TRUTH ? CONSPIRACIES NOT : CONTROL OF GOVERNMENT.avi tatoott1009.com THIS IS MY BLOG tatoott1009.com http://www.infowars.comFrom:tatoott1009Views:45 8ratingsTime:04:17More inEducation

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SWAT cops to ask for IDs from everyone in Arkansas town - Video

Liberty International Underwriters Voted One of the Top Five Best Partners by Program Administrators

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NEW YORK--(BUSINESS WIRE)--

In an independent survey of nearly 200 program administrators, global specialty insurer Liberty International Underwriters, part of the Global Specialty unit of Liberty Mutual Insurance, was voted one of the top five carriers when it comes to being an excellent program partner. The findings come from the second annual survey conducted by Target Markets Program Administrators Association (TMPAA).

In TMPAAs 2012 State of Program Business Study, program administrators were asked to define success criteria for programs and to assess carriers on their excellence as program partners. Of the 55 carriers program administrators worked with over the past five years, LIU was ranked fourth highest in partnership excellence.

We are very pleased by our standing in the TMPAA survey and the confidence that administrators have in our ability to execute a successful program, said David Cohen, President of LIU U.S. We have a strong reputation in the market that has always made us a draw for program administrators and the results of the survey bear that out. Creativity, a can-do attitude and responsibility are cornerstones of LIUs program business approach. We are always looking for new ideas for programs and while we may not be able to write everything presented to us, were willing to listen. This approach translates into strong business relationships, including a willingness to outsource underwriting responsibility to program administrators.

LIU U.S. has over 50 programs including professional liability for Lawyers, Accountants, Architects & Engineers, Insurance Agents, Community Associations and Allied Healthcare professionals; casualty for Commercial Contractors, Auto Rental, Liquor Law Liability, Tow Trucks and Collateral Recovery and specialized Yacht insurance.

Program Administrators interested in working with LIU can contact Joe Peloso for liability programs, at 212-208-4114 or joseph.peloso@libertyiu.com or Jim Donovan for professional liability programs at 212-208-4188 or james.donovan@libertyiu.com or visit http://www.LIU-USA.com for more details.

About Liberty Mutual Insurance

"Helping people live safer, more secure lives" since 1912, Boston-based Liberty Mutual Insurance is a diversified global insurer and the third largest property and casualty insurer in the U.S. based on 2011 direct premiums written as reported by the National Association of Insurance Commissioners.

Liberty Mutual Insurance also ranks 84th on the Fortune 100 list of largest corporations in the U.S. based on 2011 revenue. As of December 31, 2011, Liberty Mutual Insurance had $117.1 billion in consolidated assets, $99.3 billion in consolidated liabilities, and $34.7 billion in annual consolidated revenue.

Liberty Mutual Insurance offers a wide range of insurance products and services, including personal automobile, homeowners, workers compensation, property, commercial automobile, general liability, global specialty, group disability, reinsurance and surety. Liberty Mutual Insurance (www.libertymutualinsurance.com) employs over 50,000 people in more than 900 offices throughout the world.

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Liberty International Underwriters Voted One of the Top Five Best Partners by Program Administrators

Liberty Mutual Insurance And Positive Coaching Alliance Name 2012's "Top 10 Responsible Sports Moments"

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BOSTON, Dec. 18, 2012 /PRNewswire/ --Liberty Mutual Insurance Responsible Sports, a partnership between Liberty Mutual Insurance and Positive Coaching Alliance (PCA) that celebrates the positive impact that every day, responsible actions can have on youth, has announced the "Top 10 Responsible Sports Moments" of 2012. From a track star who abandoned near certain victory to help an opponent in distress, to a high school football team that rallied a community devastated by Sandy, each of the ten honorees serve as reminders of the valuable lessons that can be learned by participating in sports, while demonstrating qualities such as sportsmanship, leadership, selflessness and responsibility.

(Logo: http://photos.prnewswire.com/prnh/20110607/NE15669LOGO )

"In a time when positive actions and deeds are often overshadowed by demonstrations of poor sportsmanship and personal conduct, it is critical that those who do things the right way be celebrated," said PCA's Jim Thompson, author of eight books on youth sports, including Elevating Your Game: Becoming a Triple-Impact Competitor written for student-athletes. "I applaud each of our honorees and hope their behavior sets an example to parents, coaches and young athletes of the positive benefits and character-building benefits of being involved in sports."

A $1,000 grant will be given by Liberty Mutual Insurance to the organizations that initiated or represent each of the "Top 10 Responsible Sports Moments" listed below. The winners were selected from among public nominations at Facebook.com/ResponsibleSports by a committee comprised of PCA leaders and representatives from Responsible Sports partner organizations. To learn about the winners in more detail, as well as view information about the Responsible Sports program, visit ResponsibleSports.com, or join the community at Facebook.com/ResponsibleSports.

2012 Top 10 Responsible Sports Moments

"At Liberty Mutual Insurance, we recognize that doing the right thing the responsible thing isn't always the easiest decision, which is why we are celebrating these ten moments,"added Jim MacPhee, senior vice president and Chief Marketing Officer, Liberty Mutual Personal Insurance. "We believe they not only embody the ideals of the Responsible Sports program but also serve as an inspiration to all involved in youth sports."

The "Top 10 Responsible Sports Moments" is part of the larger Liberty Mutual Insurance Responsible Sports program, which supports volunteer youth sports coaches and parents who help children succeed both on and off the field. By visiting ResponsibleSports.com, adults and youth coaches can arm themselves with the tools, resources, tips and advice they need to help kids experience the best that youth sports have to offer.

About Responsible Sports

Liberty Mutual founded the Responsible Sports program as a means to celebrate the positive impact that every day, responsible actions can have on our youth. As a responsible insurance company, Liberty Mutual believes that youth sport coaching and youth sport parenting are clear examples of how people can unite to promote the fundamental ideals of community.

Presented in partnership with Positive Coaching Alliance, the American Softball Association, US Youth Soccer, USA Hockey, USA Wrestling and the American Youth Soccer Organization, Liberty Mutual Insurance Responsible Sports is a community-based program providing resources, tools, tips and advice for volunteer youth sport coaches and sport parents. The Responsible Sports program offers parents and coaches constructive tips, expert advice and practical examples to help create a positive sports environment for children. Liberty Mutual also has provided more than $400,000 in grants to youth sports teams, organizations and schools for community participation in the online Responsible Sports curriculum. To access the Responsible Sports resources, see previous Responsible Sports grant winners, and register your league or school for the Responsible Sports grant program, visit http://www.ResponsibleSports.com.

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Liberty Mutual Insurance And Positive Coaching Alliance Name 2012's "Top 10 Responsible Sports Moments"

Liberty Technical Advisory Board Announces Membership Grows to 16

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PISCATAWAY, NJ--(Marketwire - Dec 17, 2012) - The Liberty Technical Advisory Board (LTAB), an IEEE-ISTO Federation Member Program with broad semiconductor industry participation advancing the development of the Liberty library modeling format, today announced expansion of the LTAB membership including CLK Design Automation (CLK DA), a provider of timing variation and margin analysis solutions, as one of its newest members.

"Liberty is the cornerstone for library models and we are delighted to become part of the Technical Advisory Board," said Isadore Katz, President and CEO of CLK Design Automation. "We look forward to working with the LTAB to extend Liberty with robust derate and variance formats. We believe this will be invaluable to the designers who are making commitments to 20nm, 14nm and beyond."

Shepherding the development of the Liberty library modeling format, LTAB members propose, review and vote on technical extensions to Liberty that are deemed beneficial to the entire industry. Current activities include review and approval of modeling extensions for low power, noise and large macros, as well as ongoing development of on-chip variation (OCV) extensions to Liberty format.

"We are excited to have new members join LTAB," said Jim Sproch, chair, LTAB."Having larger participation will be a tremendous asset to LTAB, and in turn, industry, as we work to finalize the OCV extensions for Liberty."

For more information about LTAB and its membership, visit online at http://www.opensourceliberty.org.

About the Liberty Technical Advisory BoardThe Liberty Technical Advisory Board (LTAB) is an established IEEE-ISTO Federation Member Program, with broad semiconductor industry participation formed to advance industry tool interoperability and shepherd the development of the Liberty library modeling format within the design automation industry. The LTAB proposes, reviews and votes on technical extensions to the Liberty library modeling standard that are deemed as beneficial to the entire industry. For more information about LTAB and its membership, visit online at http://www.opensourceliberty.org.

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Liberty Technical Advisory Board Announces Membership Grows to 16

Liberty Interactive Cut to Neutral

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We are downgrading our recommendation on Liberty Interactive Corp. (LINTA) to Neutral based on its current valuation, which soared nearly 25% in the last year. We believe the stock is currently fairly valued. Meanwhile, the company continues its robust performances as the third quarter of 2012 financial results outperformed the Zacks Consensus Estimates.

In our view, the TV home shopping business will continue to flourish in the near future. The prestigious QVC division of Liberty Interactive continues to perform exceptionally well. The QVC shopping network has successfully transformed itself into a powerful global brand, which may facilitate Liberty Interactive to boost its revenue in double digits. The strategic move taken by management to offer QVC programs on mobile platforms, such as smartphones and tablets, was a huge success. Further, Liberty Interactive is continuously generating positive free cash flow to sustain its future endeavors.

Liberty Interactives QVC division has become the undisputed market leader in the $8 billion TV home-shopping business. Currently, QVC commands an estimated 69% market share, far ahead of its nearest rivals, HSN Inc. (HSNI) and ValueVision Media Inc. (VVTV). TV home-shopping business is characterized as having quite stable customer base, generally women. QVC accounts for over 11 million customers in the U.S., which is expected to grow in the long term.

Recently, QVC bought 4.8 million shares of TripAdvisor Inc.s (TRIP) commons stock for approximately $300 million. TripAdvisor is the worlds largest travel site, which allows users to post reviews of airlines, hotels, and vacation resorts throughout the world. With this transaction, Liberty Interactive currently holds about 22% of the equity and 57% of the total votes of all classes of TripAdvisor common stock.

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Liberty Interactive Cut to Neutral

Liberty Global Opens Voluntary and Conditional Cash Offer for Telenet

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ENGLEWOOD, Colo.--(BUSINESS WIRE)--

Liberty Global, Inc. (Liberty Global or LGI) (NASDAQ: LBTYA, LBTYB and LBTYK) today announces that its wholly-owned subsidiary Binan Investments B.V. (Binan) has opened its voluntary and conditional cash offer (the Offer) for the outstanding shares and other securities giving access to voting rights of Telenet Group Holding NV (Telenet) (Euronext Brussels: TNET) that it does not already own or that are not held by Telenet. The prospectus sets forth the next steps in the bid process and provides further justification of the Offer price and its attractiveness for minority shareholders. Shareholders will have until 16:00 (CET) on January 11, 2013 to tender their securities into the Offer before the initial acceptance period closes.

Liberty Global believes that an Offer price of 35.00 per ordinary share is highly attractive for Telenet shareholders and provides a meaningful premium to relevant benchmarks.

At a time when the cable sector is trading at multi-year highs, the Offer represents additional value for shareholders in terms of1:

The Offer represents an opportunity for minority shareholders to monetize their investment in Telenet at an attractive price and through an expeditious process.

Liberty Global has enjoyed a constructive relationship with Telenet, starting with its initial investment eight years ago and continuing as majority controlling shareholder for the last five years. As a result, LGI has a deep understanding of Telenets business as well as the nature and magnitude of its risks and opportunities. LGI has drawn on its 20+ years of experience in the European cable sector in making its assessment of the future growth prospects of Telenet and the appropriate valuation and premiums to be offered to Telenets minority shareholders. The details of these assessments are provided in full in the prospectus.

In contrast, Liberty Global has serious reservations regarding the financial projections completed by Telenet management on October 5, 2012 (the Management October LRP) and used by the Independent Expert and the Independent Directors in their valuation analysis. Liberty Global does not question Telenets ability to attract mobile subscribers in the near term, but fundamentally disagrees with the aggressive volume, price and profitability assumptions in the Management October LRP from 2014 onwards, which LGI believes, among other factors, does not adequately factor in a competitive reaction from the existing mobile providers in the market.

In summary, Liberty Global notes the following regarding the Management October LRP:

In addition, Liberty Global disagrees with certain methodologies used by Telenets Independent Expert and Independent Directors in their analyses of the Offer.

These include the use of (i) DCF methodologies that do not incorporate DCF valuations based on brokers consensus financial projections and do not appropriately incorporate the risk of aggressive mobile projections within the assumed weighted average cost of capital, (ii) non-comparable precedent take-private transactions, (iii) an incomplete set of broker target prices and (iv) inadequate peer-company trading multiple comparisons.

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Liberty Global Opens Voluntary and Conditional Cash Offer for Telenet


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